Tag: BLPH

Blue Horseshoe Stocks: AMLH Update, Options Idea

American Leisure Holdings, Inc. AMLH

After watching it run more than 2000% several weeks ago, we began tracking AMLH’s subsequent consolidation and rebound, and the results have been quite pleasing to this point. On Thursday morning, we recapped the stock’s progress to that point as it bounced and ran from .0029-.007 (141%). We also said we’d be on the lookout for the stock to break that resistance at .007, and on Friday, that’s just what it did.

AMLH traded in a daily range from .0058 to .0093, which goes down as an intraday jump of 60%, and a big-time increase of 220% over the previous week’s swing low.

Our regular readers will recall that AMLH started out as a call from our daily live trader’s chatroom on March 27th*, and from the low we witnessed at that time (.0003) this stock has posted an astonishing 3000% upswing!

*As always, we invite any of our readers to participate and/or observe our live in-session trader’s chats via Skype. Simply send a contact request to username “stocksumo” to get involved!

DISH Network Corp. DISH – Options Idea

We noticed that not only is DISH looking relatively toppy on the chart at the moment, as you can see on the snapshot below, but this morning the company also had a rather ugly earnings release. It included declines in revenue and profits,not to mention more subscriber loss.

We don’t often jump to the bearish side of the fence with our ideas, but in this case it seems appropriate. We’re going to have the DISH 05/12 $62-60 Puts on our radar to take advantage of what could be a significant backslide over the next several sessions.

Ocwen Financial Corp. OCN
& First NBC Bank Holding Co. FNBC

We want to put this pair of finance plays on watch after noticing that both stocks have been beaten back quite a bit over a relatively short period of time.

In the case of OCN, the stock is massively oversold after falling off a cliff a couple of weeks ago, but began to bounce last week, and is gapping up significantly in the premarket.

FNBC is actually gapping down heavily (roughly 90%) in the premarket, so we’ll have to monitor this one for its bottom, but after it’s reached we could in in for a heck of a bounce here as well.

Extended Watchlist:
CEI. GRLT, BLPH, PLUG, MTBC, JIVE, XXII

Blue Horseshoe Stocks: INMG Recap & More

Innovativ Media Group, Inc. INMG

On Wednesday, just a day following news that the company had acquired a property in the cannabis space, INMG impressed by running 195% from .0019 to .0056. Participants in our daily live trader’s chat had a chance to get in on those gains, as we were mentioning in Thursday’s premarket report.*

But the party was only just getting started, and Thursday’s session proved to be every bit as exhilarating. INMG traded up from its morning low of .005, and managed to crack through the penny barrier to reach a high of .012 on the day. That was good for another multi-bag intraday move of 140% and extended our total two-session observed range on INMG to a walloping 532%

The move came on more than nine times the 30-day average volume, and the stock held a penny into the close, maintaining well over half of its daily advance, so we’ll be very interested to see how that head of steam transfers to this new trading week after a three-day weekend.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

4/20 Cannabis Watchlist

We’re heading into 4/20 week, with the holiday coming up on Thursday. For the uninitiated, 4/20 (“Four-Twenty”) has been a marijuana counter-culture holiday for decades, and in recent years as the legal cannabis space has really taken off, it has been taken to a new level through viral marketing events, festivals, celebrations, and targeted ad campaigns.

We would expect the frequency of press releases (and with them, increased visibility) from companies operating in or around the space to rise over the course of this week. We would also expect subsequent heightened activity in many cannabis stocks. 

In accordance with these expectations, we’ll put the many cannabis stocks we track on a routine basis on even closer watch. Stocks like CBIS, OWCP, RMHB, SGDH, TRTC, and more, will be high on our watchlist this week.

Extended Watchlist:
GIGL, GSAT, HTGM, BLPH, ADPT, NVCR, SPU